Most investors in funds exchanged by Ether Ether are from assets Blackrock and Fidelity Investments are facing significant losses, according to the crypto analytics firm Glassnode.
“The average investor in Blackrock and Fidelity Ethereum ETF is now huge underwater in their position, holding the unlucky loss of approximately -21% on average,” Glassnode Says In the May 29 report.
Ether (Eth) is currently trading at $ 2,601, According to In CoinMarketCap data. However, the Blackrock spot Ether ETF has a cost of $ 3,300, while Fidelity’s is higher than $ 3,500.
Funds dropped with Trump tariffs
The last time Ether was the trading above $ 3,000 was Feb. Goods from China, Canada, and Mexico.
“We can see that net outflows begin to accelerate when the price of the area drops below the August’s August 2024 and January investor cost of investor in August 2024 and January and March of 2025,” the firm added.
Ether hit the annual lower than $ 1,472 on April 9, on the same day Trump’s global tariffs took place. However, Ether climbed 44.25% last month, and the Ether Ether ether recorded nine consecutive flow days worth $ 435.6 million since May 16, as the uncertainty in the trade war began to cool down.
Some analysts look forward to further sueing for the crypto market after a US federal court That -block most of Trump Tariffs on May 28.
Since the Spot Ether ETFS was launched in the US in July 2024, they recorded $ 2.94 billion in total flow. During their launch of July 23, the Ether traded at about $ 3,536.
Glassnode, meanwhile, suggested that ETFs have little effect on the price of the Ether area. “The Ethereum ETF first provides ± 1.5% of the trading volume in place markets, suggesting a relatively warm welcome to the launch,” he said.
Related: No more eth dumps? Ethereum Foundation turns to defi for cash
Glassnode said ETFs experienced a period of stronger growth in November 2024, where the proposal increased by more than 2.5%.
In conjunction with Trump who won the US presidency election in the same month, the entire crypto market entered a month -month rally that saw the ether reached $ 4,007 on December 8.
The proposal has since refused back to 1.5%, Glassnode said.
On March 20 in Digital Asset Summit, head of blackrock’s digital assetsRobbie Mitchnick, noted that the ETF ETF spot is “less perfect” without staking.
Magazine: Coinbase Hack shows the law probably won’t protect you: here’s why
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
